CD rates may fall up to 100 bps
Synopsis Interest rates on short-term financial instruments like Certificates of Deposit are poised to decrease across India. This anticipated drop, estimated at 75-100 basis points
Synopsis Interest rates on short-term financial instruments like Certificates of Deposit are poised to decrease across India. This anticipated drop, estimated at 75-100 basis points by July, follows large public sector units and banks tapping overseas loans and deposits. This influx of foreign funds is expected to cool domestic yields and ease borrowing costs for businesses and the government.
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